Finance Exams
CFA Level 1 Anki Deck — 348 Flashcards + Free Mock
348 scenario and calculation cards weighted to the 2026 CFA Level 1 topic ranges — Ethics is the largest section — each with a worked example and the common mistake.
53 purchased
One-time purchase · .apkg for Anki (desktop, AnkiMobile, AnkiDroid) · instant download via Gumroad
Not ready to buy? Take the free 25-question diagnostic →
What the report looks like
After you submit the free 25-question start, the report scores each topic against the 70% readiness target and lists the weak ones first. The bars below are the layout. They are not a candidate's result.
Free diagnostic · quick read
Your readiness verdict
Filled in after you submit. Not shown in advance.
Ethical and Professional Standards
Your score
Financial Statement Analysis
Your score
Fixed Income
Your score
Equity Investments
Your score
The repair list under the bars names the weakest topics and links them to the 348-card CFA Level 1 Anki deck.
Exam version & sources
CFA Level 1— what this product is (and isn't)
- Exam version
- 2026 Level I topic outline (CFA Institute)
- Official source
- CFA Level I exam overview
- Last reviewed
- October 16, 2026
- What this covers
- 348 cards — 10 CFA Level 1 topic areas, weighted to the 2026 ranges
- Does not replace
- Independent study aid — it does not replace CFA Institute curriculum, practice questions, and mock exams in the Learning Ecosystem.
Free practice test
CFA Level 1 Practice Test | 25Q Free, 60Q Timed
CFA Level 1 knowledge diagnostic — 60-question timed check (free 25-question version) with topic scoring and a readiness report before you buy the deck. It checks what you know; it is not a copy of the official exam format.
Take the free 25-question diagnosticSample cards
An option-free bond has annual modified duration 7.2 and annual convexity 64. If its yield rises by 100 bps, what is the estimated percentage price change?
About −6.88%. The duration term gives −7.2 × 0.01 = −7.20%, and the convexity term adds ½ × 64 × 0.01² = +0.32%. For an option-free bond the convexity term is always positive, so the price falls less (and rises more) than duration alone predicts.
A US GAAP firm on LIFO reports inventory of $800k and COGS of $3,000k; its LIFO reserve rose from $150k to $200k as prices rose. What are FIFO inventory and FIFO COGS?
FIFO inventory = $1,000k (LIFO inventory + ending reserve) and FIFO COGS = $2,950k (LIFO COGS − increase in the reserve). With rising prices LIFO expenses the newest, costliest units, so FIFO shows higher inventory, lower COGS and higher profit.
A non-dividend stock trades at $52. A 1-year European call with a $50 strike costs $6.00 and the risk-free rate is 5%. What is the no-arbitrage price of the matching European put?
About $1.62. Put-call parity: fiduciary call (call + PV of strike) = protective put (put + stock), so P = C + X/(1 + r)^T − S. If the put trades above $1.62, sell it and buy the synthetic put: long call, short stock, lend PV of the strike.
Ready to drill with the full deck?
Instant .apkg download after Gumroad checkout.
Get 348-Card CFA Level 1 Deck — $29 USDPairs with
CFA Level 1 Formula Reference
48-page printable formula reference for the 2026 cycle — 221 typeset formulas with when to use each and the exam trap, 146 definitions, all 22 Standards, and an 80-question recall drill.
Product facts
- Cards
- 348
- Coverage
- 10 CFA Level 1 topic areas, weighted to the 2026 ranges
- Format
- .apkg
- Price
- $29 USD
- Checkout
- Gumroad
- Exam cycle
- 2026 preparation cycle
- Delivery
- Digital download through Gumroad
Coverage by exam topic
| Topic | Exam weight | Cards |
|---|---|---|
| Ethical and Professional Standards | 15-20% | 58 |
| Equity Investments | 11-14% | 45 |
| Financial Statement Analysis | 11-14% | 42 |
| Fixed Income | 11-14% | 42 |
| Portfolio Management | 8-12% | 33 |
| Alternative Investments | 7-10% | 30 |
| Quantitative Methods | 6-9% | 26 |
| Economics | 6-9% | 26 |
| Corporate Issuers | 6-9% | 24 |
| Derivatives | 5-8% | 22 |
Exam facts
CFA Level 1
The CFA Level 1 exam is administered by CFA Institute for investment professionals. This page summarizes structure, 2026 topic weights, and independent UniPrep2Go study products (not official CFA Institute material).
- Questions
- 180 multiple-choice (two 90-question sessions)
- Time
- 4 hours 30 minutes total — two 135-minute sessions of 90 questions each, optional break
- Passing score
- No fixed passing score published; CFA Institute sets the MPS each cycle
- Delivery
- Computer-based at Prometric test centers
- Administered by
- CFA Institute
High-yield facts (commonly tested)
- Ethics and Professional Standards is heavily weighted and can determine pass/fail for borderline candidates.
- FIFO assumes the first units purchased are sold first; LIFO is not permitted under IFRS.
- Duration measures the sensitivity of a bond's price to a change in yield.
- The CAPM relates expected return to systematic risk (beta).
- Derivatives include forwards, futures, options, and swaps — each with distinct payoff profiles.
Common CFA Level 1 questions
Straight answers to the questions candidates usually search before buying prep or booking the exam.
How many questions are on CFA Level 1?
180 multiple-choice questions split across two 90-question sessions (4 hours 30 minutes total with optional break).
What are the CFA Level 1 topic weights?
Ten topics ranging from 5–8% (Derivatives) to 15–20% (Ethics); see cfainstitute.org for the current cycle.
Is there a fixed passing score for CFA Level 1?
No published cutoff. CFA Institute sets the minimum passing score (MPS) after each exam administration.
Verify current exam fees, scheduling, and administrative details at www.cfainstitute.org/programs/cfa-program/candidate-resources/level-i-exam. Independent study aid — not official exam material.
More about CFA Level 1Study tips, positioning, and how this deck compares
CFA Level 1 exam prep
Cards are short cases, not definitions: apply Standard III(C) to an unsolicited trade, convert LIFO to FIFO, price a callable bond with effective duration, or decide whether a 15% depreciation improves the trade balance. Ethics has 58 cards because it is 15-20% of the exam. Use the 60-question readiness check (free 25-question version) for topic scoring, then filter the deck to your weakest topics.
Built for: CFA Level 1 candidates who want to apply the Standards, formulas and accounting rules to short cases — not just recite definitions — in 15 to 25 minutes a day.
Covers: 10 CFA Level 1 topic areas, weighted to the 2026 ranges.
- Spaced-repetition flashcards
- 348 exam-focused flashcards
- Topic coverage table and samples on this page
- Linked 60-question practice test (free 25-question version)
How this deck compares
Fewer than 400 weighted flashcards beat a 3,000-card dump for CFA Level 1, as long as each card makes you apply the rule. Ethics, FSA, Equity and Fixed Income carry about half the exam, so they carry about half the deck. Run the free mock to see where your daily 25-card session should focus.
| Approach | Typical size | Tradeoffs |
|---|---|---|
| Free community decks | 1,000–3,000 |
|
| Budget mega-packs | 1,000+ |
|
| This deck | 348 exam-focused flashcards |
|
CFA Level 1 study guide
What is inside
348 cards weighted to the 2026 CFA Institute topic ranges: Ethics 58, Equity 45, Financial Statement Analysis 42, Fixed Income 42, Portfolio Management 33, Alternatives 30, Quantitative Methods 26, Economics 26, Corporate Issuers 24 and Derivatives 22. Every front is a short case or calculation, never a bare "What is X?". Every back explains the rule, works a number and names the mistake that costs points; 150 cards add a typeset formula.
Ethics cards apply each Standard from I(A) to VII(B), the decision framework and GIPS to short cases. FSA cards convert LIFO to FIFO, capitalise versus expense and read cash-flow statements. Fixed Income works yields, duration, convexity and credit spreads; Equity runs DDM, multiples, margin and order types; Derivatives covers forward pricing, put-call parity and swaps at Level I depth.
60-day study plan with the formula reference and free mock
**Days 60–45:** 20 new cards per day across ethics and quant while skimming curriculum readings. **Days 44–30:** Print weak-topic tables from the [matching CFA Level 1 formula sheet](/decks/cfa-level-1-formula-reference-2026); run the [60-question readiness check (free 25-question version)](/mock-exams/cfa-level-1-readiness-check). **Days 29–7:** Review only — take the reference's 80-question recall drill; retake the mock weekly. **Final week:** Ethics-only Anki passes plus flagged formulas from both drill answer keys.
Pitfalls this deck targets
Candidates lose points confusing forward vs futures margin flows, mis-stating inventory COGS under LIFO/FIFO, and mixing standard error with standard deviation. Cards call out those traps explicitly rather than listing definitions alone.
CFA Level 1 & product FAQ
How many questions are on CFA Level 1?
180 multiple-choice questions split across two 90-question sessions (4 hours 30 minutes total with optional break).
What are the CFA Level 1 topic weights?
Ten topics ranging from 5–8% (Derivatives) to 15–20% (Ethics); see cfainstitute.org for the current cycle.
Is there a fixed passing score for CFA Level 1?
No published cutoff. CFA Institute sets the minimum passing score (MPS) after each exam administration.
What is the best CFA Level 1 Anki deck for 2026?
Prefer a focused 348-card deck weighted to the 2026 CFA Level 1 topic ranges, with scenario cards rather than bare definitions, plus a free timed mock and printable formula sheet — not a 1,000+ card dump. UniPrep2Go’s CFA Level 1 Anki deck ships that stack: .apkg + 60-question readiness check (free 25-question version) + optional 2026 formula PDF.
What is included in the CFA Level 1 Anki deck?
348 Anki cards weighted to the 2026 topic ranges: Ethics 58, Equity 45, FSA 42, Fixed Income 42, Portfolio Management 33, Alternatives 30, Quant 26, Economics 26, Corporate Issuers 24, Derivatives 22. Every front is a short case or calculation (for example, applying Standard III(C) to an unsolicited trade), every back gives a worked example and the common mistake, and 150 cards add a typeset formula. A linked 60-question timed mock (free 25-question version) scores your weak topics first.
Is there a free CFA Level 1 practice test with this deck?
Yes. Take the 60-question CFA Level 1 readiness check (free 25-question version) at uniprep2go.study/mock-exams/cfa-level-1-readiness-check — topic scoring and full answer review, then drill weak areas in this Anki deck. Your first UniPrep2Go mock, including this CFA Level 1 one, is a free 25-question timed diagnostic (any exam, Exam or Learn mode, no signup); full-length mocks and retakes run on the $5 UniPrep2Go Mock Pass — 5 attempts on any mock.
More questions (2)
What file format is delivered?
The deck is delivered as an Anki-compatible .apkg file through Gumroad.
Is this official CFA Institute material?
No. This is an independent study aid and is not endorsed, promoted, or warranted by CFA Institute.
Also useful
Guides for CFA Level 1
State rules, test-day logistics, and study plans that point back to this practice path.
More Finance Exams prep
CFA Level 1 Formula Reference 2026 — 221 Formulas + 22 Standards + 80-Question Drill (PDF)
48-page printable formula reference for the 2026 cycle — 221 typeset formulas with when to use each and the exam trap, 146 definitions, all 22 Standards, and an 80-question recall drill.
CFA Level 2 Anki Deck — 495 Flashcards
A vignette-depth Anki deck for CFA Level 2 item sets — not a Level 1 leftover dump.